Vodafone Group (VOD) Upgraded by Numis Securities to Buy

Vodafone Group (NASDAQ:VOD) was upgraded by research analysts at Numis Securities from an “add” rating to a “buy” rating in a research report issued on Monday.

A number of other equities research analysts also recently issued reports on VOD. BidaskClub downgraded shares of Vodafone Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Vodafone Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 18th. UBS Group restated a “buy” rating on shares of Vodafone Group in a report on Friday, October 27th. Goldman Sachs Group restated a “buy” rating on shares of Vodafone Group in a report on Thursday, November 23rd. Finally, Barclays upgraded shares of Vodafone Group from an “equal weight” rating to an “overweight” rating in a report on Friday, December 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $33.32.

Vodafone Group (VOD) traded down $1.94 during trading on Monday, reaching $29.11. 9,406,312 shares of the company were exchanged, compared to its average volume of 3,678,174. Vodafone Group has a 52-week low of $24.31 and a 52-week high of $32.75. The stock has a market capitalization of $78,860.00, a P/E ratio of -74.64, a price-to-earnings-growth ratio of 2.14 and a beta of 0.87. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.46.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VOD. Miller Howard Investments Inc. NY grew its stake in Vodafone Group by 58.2% during the fourth quarter. Miller Howard Investments Inc. NY now owns 3,900,428 shares of the cell phone carrier’s stock worth $124,424,000 after buying an additional 1,434,846 shares during the period. Fisher Asset Management LLC grew its stake in Vodafone Group by 4.6% during the fourth quarter. Fisher Asset Management LLC now owns 25,957,027 shares of the cell phone carrier’s stock worth $828,029,000 after buying an additional 1,132,546 shares during the period. First Trust Advisors LP grew its stake in Vodafone Group by 153.7% during the third quarter. First Trust Advisors LP now owns 819,323 shares of the cell phone carrier’s stock worth $23,318,000 after buying an additional 496,431 shares during the period. Dimensional Fund Advisors LP grew its stake in Vodafone Group by 5.3% during the third quarter. Dimensional Fund Advisors LP now owns 7,630,584 shares of the cell phone carrier’s stock worth $217,166,000 after buying an additional 386,931 shares during the period. Finally, Jennison Associates LLC grew its stake in Vodafone Group by 15.7% during the fourth quarter. Jennison Associates LLC now owns 2,702,113 shares of the cell phone carrier’s stock worth $86,197,000 after buying an additional 367,586 shares during the period. Institutional investors own 10.35% of the company’s stock.

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About Vodafone Group

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.